News

With household electricity bills surging in April as the temperature topped out at 44.6° Celsius in Thailand, followed by a record high average global temperature in July, businesses and governments are factoring in climate change when designing their forecasts.The UN issued a striking warning regarding ...

The National Economic and Social Development Council (NESDC) has revised downwards Thailand’s gross domestic product (GDP) for this year to between 2.5% and 3%, following a second-quarter expansion of just 1.8%.The decrease in growth is attributed to a 5.6% decline in exports in the last ...

Thai producers adopting the Bio-Circular-Green (BCG) economic model are eyeing the international market following the success of BCG-branded products at home, and the Commerce Ministry is assisting by identifying new products and promoting them.With consumer trends prioritising environmentally-friendly and sustainable products, Thai BCG products – ...

The Revenue Department of Thailand has reported the successful collection of over 5.01 billion baht in tax revenue from foreign platforms and e-service providers. This reflects a growth of 3.2% compared to last year.The revenue was amassed over the first nine months of the current ...

The Department of Environment Quality Promotion has officially been renamed the Department of Climate Change and Environment as per a royal command by His Majesty the King. Natural Resources and Environment Minister Varawut Silpa-archa said the name change took effect yesterday, adding the new department will ...

The Board of Investment (BOI) is supporting efforts to turn Thailand into a hub for the global bioplastics industry, which is driving the green economy.Over the past five years, BOI has promoted investments of more than 37 billion baht in the bioplastics sector, spanning from ...

Thailand is expected to launch two satellites under the Theos-2 project later this year, a government spokesperson said.The satellites, co-developed by British experts and a team of engineers from Thailand’s Geo-Informatics and Space Technology Development Agency, include the “Theos-2” main satellite for recording images and ...

The issue of the overlapping area claimed by both Thailand and Cambodia should be resolved as soon as possible to help combat Thailand’s growing energy crisis, according to Kurujit Nakorntap, executive director of the Petroleum Institute of Thailand (Ptit). Mr Kurijit, who also formerly served as ...

The delay in government formation, the rising cost of living and conditions of recession in the global economy have resulted in Thailand’s Consumer Confidence Index (CCI) in July dropping for the first time in 14 months.The CCI in July fell to 55.6, from 56.7 in ...

The world has been witnessing increases in the price of rice following drought concerns and India’s export ban, but it is Thailand’s rice that has seen the sharpest rise, according to the Food and Agriculture Organisation (FAO) of the United Nations.In its monthly rice update ...